Seconded, this is incredibly annoying. Sublime's no distraction free mode is perfect for writing prose, but whenever I hit this bug I wish I were using a different editor. With all the cool features available in SB2, it's embarrassing a bug as simple as this has persisted for so long. Arguably, text wrapping should be different depending on the syntax, and that makes the general implementation of this feature a lot more complex, but for plain text files alone there's no excuse to implement this properly.